Announcement
Bybit Launches the World’s First Shariah-Compliant Crypto Exchange Account
Bybit, a global leader in cryptocurrency exchange, proudly announces the launch of the world’s first Shariah-compliant Islamic Account. Developed in close collaboration with prominent Shariah scholars, this pioneering account allows Muslim traders to participate in the cryptocurrency market with full alignment to Islamic financial principles. Bybit partnered with CryptoHalal and ZICO Shariah to ensure that the Islamic Account adheres to Shariah principles.
The Bybit Islamic Account is an industry-first, making cryptocurrency trading accessible, ethical, and transparent for Muslim users worldwide.
Bybit co-founder and CEO Ben Zhou announced on X (formerly Twitter) the launch of the Crypto Islamic account, highlighting that this includes access to spot trading of Shariah-compliant tokens, a Dollar-Cost Averaging (DCA) bot, and a spot grid bot, giving users access to a range of Shariah-compliant trading tools right from the start.
Key Features of the Bybit Islamic Account:
a) Pioneering Faith-Based Trading
Bybit is the first global cryptocurrency exchange to introduce a fully Shariah-compliant account, designed with the guidance of respected Shariah scholars. The Islamic Account adheres to strict Islamic finance principles, offering an ethical trading environment for Muslim investors.
b) Ethical and Transparent
With no interest charges, no hidden fees, and a commitment to full transparency, the Bybit Islamic Account aligns with Islamic values to ensure a genuinely ethical trading experience.
c) Global Access for Muslim Traders
The Islamic Account is available to Muslim users around the world, breaking barriers and making ethical cryptocurrency trading more accessible than ever.
d) Comprehensive Initial Offerings
In addition to spot trading of Shariah-compliant tokens, the account provides access to Dollar-Cost Averaging (DCA) and spot grid bots, offering users a suite of tools that maintain adherence to Islamic finance principles.
Muslim users worldwide can now open their Bybit Islamic Accounts. To learn more about the Bybit Islamic Account and how it complies with Shariah principles, visit here.
Also read: Tenant in Sarawak Caught Stealing Electricity to Mine Bitcoin in Bedroom, Now in Hiding
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